Who We Are

Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise. Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom’s notable infrastructure projects. We offer our customers an accessible and expanded network of more than 300 branches, which includes 81 dedicated ladies branches, and 19 self-service electronic branches. A branch in London and Offices in Houston (USA), and Singapore help us support the international banking needs of our customers.

Our internet banking services (web-based and mobile apps) use the latest electronic technologies to address the banking needs of our customers. The bank has also kept its lead in the ATMs network, as the number of multi-functional ATMs is now more than 2,700 distributed in strategic & carefully selected locations.

Riyad Bank’s investment banking arm, Riyad Capital, is a leading player in the IPO advisory business and asset management in Saudi Arabia, having won numerous investment awards in categories ranging from “best mutual performance” to “best fund manager.”

Financial Performance

Riyad Bank achieved SAR 2,320 million net income for the period ended June 30, 2016 compared to SAR 2,300 million for the same period last year, an increase of 0.9%. Total operating income reached SAR 4,014 million for the period ended June 30, 2016 compared to SAR 4,216 for the same period last year, decrease of 4.8%.

Financial Strength

Total assets as at June 30, 2016 reached SAR 227,776 million compared to SAR 222,484 million as at June 30, 2015, an increase of 2.4%. Customer deposits are lower by 1.8% to reach SAR 164,043 million as at June 30, 2016, against SAR 167,075 million as at June 30, 2015. Loans and Advances increased by 12.8% and stood at SAR 154,667 million against SAR 137,102 million as at June 30, 2015.

Risk Rating

Standard & Poor’s Rating Agency maintained its short-term liability rating for Riyad Bank to an ‘A-1’ whereas lowered the long-term liability rating to ‘A’.

The international Fitch Ratings Agency maintained the short term issuer default rating (IDR) for the Bank at ‘F-1’, however reduced the long term IDR by one notch to ‘A’.

Additionally, the Capital Intelligence Agency maintained the long term credit rating for the Bank at ‘AA-’ whereas ‘A1+’ rating is maintained for short-term liabilities.